The current market prospects of LED light strips include

In recent years, due to the widespread use of LED light strips in decoration and lighting fields, there is a great demand for them in Christmas decoration, buildings, courtyards, advertisements, and other decoration or lighting abroad, and their export scale is still growing. Rising, basically maintaining within the top five export rankings. According to GSC Research, in 2017 and 2018, the export scale of LED strips and strips in China was 3.4 billion US dollars and 4.81 billion US dollars, respectively. 2019 was a year of rapid growth, with an export scale of 108.5 US dollars, a year-on-year increase of 126%; The export scale exceeded 17.4 billion US dollars, a year-on-year increase of 62.9%, and continued to maintain a stable growth trend.

About four or five years ago, the market demand for LED light strips was very small. LED strip factories are mainly used in high-end hotel decoration and lighting fields. They belong to a segmented field, and their prices are not fixed. With the development and popularization of LED technology, LED light strips have gradually penetrated from hotel lighting to commercial lighting and home lighting. The application fields are becoming increasingly widespread, production capacity has increased, and prices have become more affordable. However, currently, there are still many obstacles in the technology and application of LED light strips. For LED strip manufacturers, if they want to seize the first place in the market, they must solve the existing problems of LED strips. Various issues.

Despite fierce market competition, choosing LED strip manufacturers and selling LED strips with stable quality is a responsible behavior for consumers. These voices from the end market once again demonstrate the attractiveness of product quality to consumers. Lighting has had a certain impact on the market, but time will prove that companies that value product quality and follow the path of branding are the true winners.

In the past three years, due to the low entry threshold for LED light strips, a large number of enterprises have gathered together to produce LED light strips. Even many companies have a mentality of "making quick money", producing LED light strips that cannot be guaranteed in quality and have low cost performance, and then selling them at a low price, which has caused shock to the product quality and price of manufacturers specializing in LED light strips. The profit margins of these companies have plummeted, which has also made the final market environment disappointing.

Generally speaking, the price of LED light strips is getting lower and the brightness is getting higher, completely replacing rainbow tubes, and the market prospects are very promising. However, it must be noted that domestic and foreign customers have different needs. In China, customers first pay attention to product price, followed by quality; Foreign customers usually target the mid to high end, and they first focus on product quality, followed by product price. At this stage, the low-voltage LED strip has generally fallen into a vicious price competition cycle, which has damaged the overall quality image of this segmented market.